The Fundamental FOREX Blog » USD Follow Up

Follow Up- USD – Core Retail Sales MoM and Retail Sales MoM

shark — Thu, 17 May 2012 15:29:44 +0000

This USD Retail sales report and the Core Retail Sales report was released on Tuesday, May 15th.
The “actual“ was not far enough outside the forecast for a trade – but, there was not any conflict

Did not enter a trade this time! No trigger – no conflict

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M” NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

On Tuesday, 05-15-12 at 8:30 AM ET, the USD – Core Retail Sales and Retail Sales MoM reports was released.

These two reports are released monthly by the Census Bureau.

Three other reports:

USD Empire State Manufacturing Index
Released monthly by Federal Reserve Bank of New York

USD Core CPI MoM
USD CPI MoM
Released monthly by the Bureau of Labor Statistics

I did a “preview” post of this months news release, click here for a review.

The USD – Core Retail Sales MoM report is more attuned to what is currently happening in the economy – therefore it is the report that may have the greatest impact on the currency market.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Did not enter a trade this time! no trigger – no conflict

Here is what happened this month:

USD – Core Retail Sales MoM stats

Previous = 0.8%

Forecast = 0.3%

Actual = 0.1%

USD – Retail Sales MoM stats

Previous = 0.8% ————–revised = 0.7%

Forecast = 0.2%

Actual = 0.1%

Here is how I was set up and what happened:

USD-8-30AM-ET-05-15-12
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual——–forecast——–previous
_____0.1%______0.3%______ 0.8%
out at 1.1% or better – SELL EUR/USD
out at 0.1% or less – BUY EUR/USD

Bad – “actual” came out lower than “forecast” by 0.2%
Bad – “actual” came out lower than “previous” by 0.7%

Actual > Forecast = Good for USD
USD Retail Sales m/m
_______________0.2%________ 0.8%
_____0.1%______ 0.2%________ 0.7%

Bad – “actual” came out lower than “forecast” by 0.1%
Bad – “actual” came out lower than “previous” by 0.7%
Bad – “actual” came out lower than revised “previous” by 0.6%

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD ranged for 10 minutes
Moved down for 34 minutes about 58 PIPS - wrong direction

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/USD ranged for 26 minutes
Moved down for 16 minutes about 68 PIPS – wrong direction

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD moved down for 42 minutes about 33 PIPS - wrong direction

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD ranged down for 26 minutes – wrong direction
Moved down for 15 minutes about 35 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved down for 6 minutes about 17 PIPS – right direction
Ranged for 13 minutes
Moved up for 22 minutes about 51 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF chart

This currency pair USD/CHF ranged for 26 minutes
Moved up for 16 minutes about 50 PIPS – wrong direction

(USD/JPY)

a one minute USD/JPY chart

This currency pair USD/JPY moved up for 3 minutes about 14 PIPS – wrong direction
Ranged

The next time this will be released will be on Wednesday, 06-13-12 at 8:30 AM ET.

I will post a “preview” a day or 2 prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD ADP Non- Farm Employment change report

shark — Wed, 02 May 2012 15:58:06 +0000

This USD ADP Non-Farm Employment Change report came out this week, and was good enough “off forecast” for a trade!

I did not enter a trade this time! – Good Trigger

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M” NEW
“Trade New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Disclaimer:

I will continue recording the news reports.

On Wednesday, 05-02-12 at 8:15 AM ET, the “USD ADP Non- Farm Employment change” was released by Automatic Data Processing, Inc.

I did a “preview” of this months report, posted on Tuesday, 05-01-12, click here for a review.

Let us check out what happened:

USD ADP Non- Farm Employment change stats:

Previous = 209K—————revised = 201K

Forecast = 179K—————revised = 178K

Actual = 119K

Here is how I was set up and what happened:

USD-6-15AM-ET-05-02-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________179K________209K
____119K_______ 178K________ 201K
out at 229K or higher – SELL GBP/USD
out at 129K or lower – BUY GBP/USD

Bad – “actual” came out lower than “forecast” by 60 K
Bad – “actual” came out lower than revised “forecast” by 59 K
Bad – “actual” came out lower than “previous” by 90 K
Bad – “actual” came out lower than revised “previous” by 82 K

I did not enter a trade this time! There was a good “trigger”.

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

The currency pair AUD/USD moved down for 50 minutes about 21 PIPS – right direction – 2nd best

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD spiked up/down 1st 2 minutes about 9 PIPS/ 20 PIPS
Moved up for 12 minutes about 17 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD ranged for 5 minutes
Ranged for next 10 minutes

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD moved up/down 1st minute about 2 PIPS/ 4 PIPS
Moved down for 9 minutes about 8 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

The currency pair USD/CAD moved up for 2 minutes about 14 PIPS – wrong direction
Ranged for next 10 minutes

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF spiked down/up 1st 2 minutes about 7 PIPS/ 13 PIPS
Moved down for 12 minutes about 11 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY moved down for 7 minutes about 23 PIPS – right direction – Best

The next ADP report is scheduled for Wednesday, 05-30-12 at 8:15 AM ET.

I will probably write a “preview” post a day or two before.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow up – USD Core Durable Goods report

shark — Tue, 01 May 2012 16:13:25 +0000

On Wednesday, the 25th of April, 2012, the US Core Durable Goods Orders report was released – there was enough difference between the “actual” and “forecast”- and, there was no conflict

Both reports were such that they were not in conflict – and, I did not enter a trade this time!

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Wednesday, 04-25-12 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.

And USD – Durable Goods Orders

I did not enter a trade this time, there was enough difference – and the reports were not in conflict.

My “preview” post concerning these reports was on Tuesday, 04-24-12, click here for a review.

Disclaimer:

I will continue recording the news reports.

Here is how the reports for this month were set up and the results:

USD – Core Durable Goods Orders m/m – Stats

Previous = 1.8%——————revised = 1.9%

Forecast = 0.6%

Actual = -1.1%

Here is how I was set up and what happened:

USD-8-30AM-ET-04-25-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________0.6%________1.8%
____-1.1%_____ 0.6% _______1.9%
out at 2.1% or higher – SELL GBP/USD
out at -0.9% or lower – BUY GBP/USD

Bad – “actual” came out lower than “forecast” by 1.7%
Bad – “actual” came out lower than “previous” by 2.9%
Bad – “actual” came out lower than revised “previous” by 3.0%

There was a good enough difference between the “actual” and “forecast” to enter a trade, and there was no conflict between the 2 reports but, I did not trade!

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair ranged down for 18 minutes about 12 PIPS – wrong direction
Moved up for 37 minutes about 16 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 3 minutes about 9 PIPS – right direction
Moved down for 14 minutes about 20 PIPS – wrong direction
Moved up for 27 minutes about 28 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved up for 11 minutes about 11 PIPS – right direction
Moved down for 20 minutes about 19 PIPS – wrong direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair ranged down for 18 minutes about 7 PIPS - wrong direction
Moved up for 20 minutes about 19 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair ranged for 16 minutes
Moved up for 6 minutes about 11 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF currency chart

This USD/CHF currency pair moved down for 2 minutes about 6 PIPS – right direction
Moved up for 16 minutes about 14 PIPS – wrong direction

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved down for 4 minutes about 7 PIPS – right direction
Moved up for 44 minutes about 14 PIPS – wrong direction

The next scheduled release of these reports is on Thursday, 05-24-12 at 8:30 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD Existing Home Sales report

shark — Fri, 20 Apr 2012 16:57:28 +0000

This months Existing Home Sales report came out bad for the US economy – but not enough change for a trade of the US Dollar

Did not enter a trade this time

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M” NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

On Thursday, 04-19-12 at 10:00 AM ET, a USD report was released, it was the USD Existing Home Sales report, released monthly by the National Association of Realtors.

I did a “preview” post on Wednesday, 04-18-12 for these reports, click here for a review.

There are 3 other news release as well:

USD Philly Fed Manufacturing Index
Released monthly by Federal Reserve Bank of Philadelphia

USD CB Leading Index m/m
Released monthly by The Conference Board Inc.

EUR Consumer Confidence
Released monthly by Eurostat

Did not enter a trade this time!

Disclaimer:

I will continue recording the news reports.

Here are the stats for this month:

USD Existing Home Sales stats:

Previous = 4.59 M

Forecast = 4.62 M

Actual = 4.48 M

Here is how I was set up for these reports, and the results:

USD-10-00AM-ET-04-19-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
_____4.48 M____4.62M________4.59M
Out at 4.82M or Higher – SELL EUR/USD
Out at 4.42M or Lower – BUY EUR/USD

Bad – “actual” came out lower then “forecast” by 140 K
Bad – “actual” came out lower then “previous” by 110 K

Let’s take a look at the charts and see how things worked out:

(AUD/USD )

a one minute AUD/USD chart

This AUD/USD currency pair moved down for 16 minutes about 32 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair ranged for 18 minutes

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair ranged for 20 minutes

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 10 minutes about 22 PIPS – wrong direction

(USD/CHF )

a one minute USD/CHF chart

This USD/CHF currency pair ranged for 18 minutes

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair moved down for 11 minutes about 28 PIPS – wrong direction

(USD/JPY )

a one minute USD/JPY chart

This USD/JPY currency pair ranged for 24 minutes

The next scheduled release of this report will be Tuesday, 05-22-12 at 10:00 AM ET.

A month is a long time, re-scheduling can occur any time.

I will probably be writing a “preview” post for this up-coming report.

So, stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up- USD – Core Retail Sales MoM and Retail Sales MoM

shark — Tue, 17 Apr 2012 14:59:11 +0000

This USD Retail sales report and the Core Retail Sales report was released yesturday.
The “actual“ was not far enough outside the forecast for a trade – but, there was not any conflict

Did not enter a trade this time!

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M” NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

On Monday, 04-16-12 at 8:30 AM ET, the USD – Core Retail Sales and Retail Sales MoM reports was released.

These two reports are released monthly by the Census Bureau.

There were 2 other reports:

USD Empire State Manufacturing Index
Released monthly by Federal Reserve Bank of New York

CAD Foreign Securities Purchases
Released monthly by Statistics Canada

I did a “preview” post of this months news release, click here for a review.

The USD – Core Retail Sales MoM report is more attuned to what is currently happening in the economy – therefore it is the report that may have the greatest impact on the currency market.

Disclaimer:

I will continue recording the news reports.

Did not enter a trade this time! no trigger – no conflict

Here is what happened this month:

USD – Core Retail Sales MoM stats

Previous = 0.9%

Forecast = 0.6%

Actual = 0.8%

USD – Retail Sales MoM stats

Previous = 1.% ————–revised = 1.0%

Forecast = 0.4%

Actual = 0.8%

Here is how I was set up and what happened:

USD-8-30AM-ET-04-16-12
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual——–forecast——–previous
_____0.8%______0.6%______ 0.9%
out at 1.1% or better – SELL EUR/USD
out at 0.1% or less – BUY EUR/USD

Good – “actual” came out higher than “forecast” by 0.2%
Bad – “actual” came out lower than “previous” by 0.1%

Actual > Forecast = Good for USD
USD Retail Sales m/m
_______________0.4%________ 1.1%
____0.8% ______0.4%_________1.0%

Good – “actual” came out higher than “forecast” by 0.4%
Bad – “actual” came out lower than “previous” by 0.3%
Bad – “actual” came out lower than revised “previous” by 0.2%

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD moved up for 23 minutes about 24 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/USD moved up/down 1st minute about 3 PIPS/ 7 PIPS -
moved up for next 16 minutes about 30 PIPS – wrong direction

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD moved down for 2 minutes about 8 PIPS – right direction
moved up for next 31 minutes about 26 PIPS – wrong direction

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD moved up for 44 minutes about 17 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved down for 35 minutes about 29 PIPS – wrong direction

(USD/CHF) a one minute USD/CHF chart

This currency pair USD/CHF no currency pair chart

(USD/JPY)

a one minute USD/JPY chart

This currency pair USD/JPY Ranged spiked up/down 1st minute about 10 PIPS/ 7 PIPS
Ranged for 15 minutes
moved up for 2 minutes about 5 PIPS – right direction

The next time this will be released will be on Tuesday, 05-15-12 at 8:30 AM ET.

I will post a “preview” a day or 2 prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD Non-Farm Employment Change and Unemployment Rate reports

shark — Tue, 10 Apr 2012 14:54:34 +0000

Here is a follow up of last Fridays US Employment reports, the employment change showed some improvement and the Unemployment Rate improved as well

Did not enter a trade – could have, both reports were good for the US.

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M” NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

On Friday, 04-06-12 at 8:30 AM ET, the Bureau of Labor Statistics released the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.

There was 1 other news release

USD Average Hourly Earnings m/m
Released monthly by Bureau of Labor Statistics

Did not enter a trade – no triggers.

I did a “preview” post for this months release, click here for a review.

Disclaimer:

I will continue recording the news reports.

Here is how the reports are set up for this month:

USD Non-Farm Employment Change – Stats

Previous = 227k ———————-revised= 240K

Forecast = 211K ———————-revised= 207K

Actual = 120K

USD Unemployment Rate – Stats

Previous = 8.3%

Forecast = 8.3%

Actual = 8.2%

Here is how I was set up up and the results:

USD-8-30AM-ET-04-06-12
Looking for a 100K difference
Actual > Forecast = Good for USD
USD Non-Farm Employment Change
——actual——–forecast——–previous
______________211K_______227K
_____120K____ 207K_______ 240K
out at 311K or higher – BUY USD/JPY
out at 111K or lower – SELL USD/JPY

Bad – “actual” came out lower than “forecast” by 91K
Bad – “actual” came out lower than revised “forecast” by 87K
Bad – “actual” came out lower than “previous” by 107K
Bad – “actual” came out lower than revised “previous” by 120K

Actual < Forecast = Good for USD
0.2 diff. watch for conflict
USD Unemployment Rate
______8.2%______8.3% ______8.3%
Actual < Forecast = Good for USD
0.2 diff. watch for conflict

Good – “actual” came out lower than “forecast” by 0.1%
Good – “actual” came out lower than “previous” by 0.1%

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair spiked down 1st minute about 45 PIPS -
Moved up for 13 minutes about 61 PIPS -

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency moved up for 3 minutes about 49 PIPS -
Moved down for 3 minutes about 30 PIPS -

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved up for 3 minutes about 24 PIPS -
Moved down for 3 minutes about 25 PIPS -

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair spiked down 1st minute about 25 PIPS -
Moved up for 26 minutes about 60 PIPS -

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 8 minutes about 50 PIPS -
Moved down for 6 minutes about 23 PIPS -

(USD/CHF)

a one minute USD/CHF chart

This USD/CHF currency pair moved down for 13 minutes about 44 PIPS -
Moved up for 6 minutes about 19 PIPS -

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved down for 13 minutes about 123 PIPS -

The next scheduled release of the two major reports is on Friday, 05-04-12 at 8:30 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD ADP Non- Farm Employment change report

shark — Fri, 06 Apr 2012 16:25:20 +0000

This USD ADP Non-Farm Employment Change report came out this week, but was not good enough “off forecast” for a trade!

I did not enter a trade this time! – No Trigger

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M” NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds? To see all e-books.

Only a $1.99 each!! From Amazon Kindle.

Click here FOREX Trade the News… What are the Odds?

On Wednesday, 04-04-12 at 8:15 AM ET, the “USD ADP Non- Farm Employment change” was released by Automatic Data Processing, Inc.

I did a “preview” of this months report, posted on Tuesday, 04-03-12, click here for a review.

Disclaimer:

I will continue recording the news reports.
Let us check out what happened:

USD ADP Non- Farm Employment change stats:

Previous =216K—————revised = 230K

Forecast = 209K—————revised = 205K

Actual = 209K

Here is how I was set up and what happened:

USD-8-15AM-ET-04-04-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________209K________216K
_____209K______ 205K________ 230K
out at 259K or higher – SELL GBP/USD
out at 159K or lower – BUY GBP/USD

Neutral – “actual” came out same as “forecast”
Good – “actual” came out higher than revised “forecast” by 4K
Bad – “actual” came out lower than “previous” by 7K
Bad – “actual” came out lower than revised “previous” by 21K

I did not enter a trade this time! There was not a good “trigger”.

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

The currency pair AUD/USD moved up for 4 minutes about 13 PIPS
Moved down for 7 minutes about 14 PIPS

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD range for 5 minutes
Moved down for 6 minutes about 16 PIPS
Ranged

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD small move down 1st minute
Moved up for 7 minutes about 12 PIPS
Ranged

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD moved up for 4 minutes
Moved down for 4 minutes about 19 PIPS

(USD/CAD)

a one minute USD/CAD chart

The currency pair USD/CAD range for 4 minutes
Moved up for 23 minutes about 17 PIPS

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF move up for 3 minutes
Moved down next minute about 4 PIPS
Moved up for 6 minutes about 13 PIPS

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY move up for 2 minutes about 11 PIPS
Moved down for 35 minutes about 18 PIPS

The next ADP report is scheduled for Wednesday, 05-02-12 at 8:15 AM ET.

I will probably write a “preview” post a day or two before.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD ISM Manufacturing PMI report

shark — Wed, 04 Apr 2012 15:59:40 +0000

Here is the “follow up” report of the USD ISM Manufacturing PMI report released on Monday, the 12nd of April, 2012. The difference between the “actual” report and the “forecast” was not even close enough for a trade to be entered

I did not enter a trade this time

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Thursday, 04-02-12 at 10:00 AM ET the USD ISM Manufacturing PMI report was released along with two other reports.

USD Construction Spending (MoM)
USD ISM Manufacturing Prices

USD ISM Manufacturing PMI has the greatest impact on the currency markets.

The USD ISM Manufacturing PMI is released by the Institute of Supply Management
and is released monthly,

and the Construction Spending is released by the Census Bureau and is released monthly.

And the USD ISM Manufacturing Prices is released by Institute for Supply Management.

I did a “preview” post for this month, click here for a review.

Disclaimer:

I will continue recording the news reports.

I did not enter a trade this time

Here is the set up for this month:

USD ISM Manufacturing PMI stats:

Previous = 52.4

Forecast = 53.3

Actual = 53.4

Here is how I was set up and what happened.

USD-10-00AM-ET-04-02-12
Looking for a Change of 2 to 3
Actual > Forecast = Good for USD
USD ISM Manufacturing PMI
——actual——-forecast——-previous
____53.4______53.3_______52.4
out at 55.3 or higher – BUY USD/JPY
out at 51.3 or lower – SELL USD/JPY

Good – “actual” came out higher than “forecast” by 0.1
Good – “actual” came out higher than “previous” by 1.0

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD moved up for 20 minutes about 26 PIPS

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/USD moved down for 2 minutes about 8 PIPS
Moved up for 17 minutes about 16 PIPS

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD ranged down for 2 minutes
Moved up for 17 minutes about 22 PIPS

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD moved up for 21 minutes about 25 PIPS

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved down for 56 minutes about 23 PIPS

(USD/CHF)

a one minute USD/CHF chart

This currency pair USD/CHF moved up for 2 minutes about 6 PIPS
Moved down for 17 minutes about 12 PIPS

(USD/JPY)

a one minute USD/JPY chart

This currency pair USD/JPY moved up for 19 minutes about 26 PIPS

The next scheduled release of this report will be on Tuesday, 05-01-12 at 10:00 AM ET along with several other USD reports.

I will probably post a “preview” a day or two before.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow up – USD Core Durable Goods report

shark — Thu, 29 Mar 2012 15:14:22 +0000

On Wednesday, the 28th of March, 2012, the US Core Durable Goods Orders report was released – there was not enough difference between the “actual” and “forecast”- Plus, there was conflict

Both reports were such that they were in conflict – and, I did not enter a trade this time!

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Wednesday, 03-28-12 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.

And USD – Durable Goods Orders

I did not enter a trade this time, there was not enough difference – and the reports were in conflict.

My “preview” post concerning these reports was on Tuesday, 03-27-12, click here for a review.

Disclaimer:

I will continue recording the news reports.

Here is how the reports for this month were set up and the results:

USD – Core Durable Goods Orders m/m – Stats

Previous = -3.0%

Forecast = 1.5%——————revised = 1.6%

Actual = 1.6%

Here is how I was set up and what happened:

USD-8-30AM-ET-03-28-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________1.5%________-3.0%
____1.6% _____1.6%________ -3.0%
out at 3.0% or higher – SELL GBP/USD
out at 0.0% or lower – BUY GBP/USD

Good – “actual” came out higher than “forecast” by 0.1%
Neutral – “actual” came out same as “previous”
Good – “actual” came out higher than revised “previous” by 4.6%

There was not a good enough difference between the “actual” and “forecast” to enter a trade, and there was a conflict between the 2 reports- so I did not trade!

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair ranged down for 43 minutes about 23 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 8 minutes about 9 PIPS – wrong direction
Moved down for 21 minutes about 38 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair ranged for 5 minutes
Moved up for 2 minutes about 10 PIPS – wrong direction
Moved down for 23 minutes about 22 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair moved down for 3 minutes about 8 PIPS – right direction
Ranged

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 14 minutes about 7 PIPS – right direction
Moved down for 4 minutes about 6 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF chart

This USD/CHF currency pair moved down for 8 minutes about 5 PIPS - wrong direction
Moved up for 21 minutes about 25 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved down for 10 minutes about 12 PIPS – wrong direction
Moved up for 33 minutes about 14 PIPS – right direction

The next scheduled release of these reports is on Wednesday, 04-25-12 at 8:30 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Follow Up – USD Consumer Confidence report

shark — Wed, 28 Mar 2012 14:08:52 +0000

The US Consumer Confidence report was released on Tuesday.

There was a good trigger and no conflict – but no trade!

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

Click here FOREX Trade the News… What are the Odds?

On Tuesday, 03-27-12, at 10:00 AM ET the USD Consumer Confidence report was released.

The last “Preview” of the Consumer Confidence report was posted on Monday, 03-26-12, click here for a review.

The Consumer Confidence is released by The Conference Board, Inc.

There is another news release and a FOMC speech:

USD Richmond Manufacturing Index
Released monthly by the Federal Reserve Bank of Richmond

USD FOMC Member Duke Speaks

Disclaimer:

I will continue recording the news reports.

Lets take a look at what is going on with this news release:

USD Consumer Confidence Stats:

Previous = 70.8————–revised = 71.6

Forecast = 70.5————–revised = 70.3

Actual = 70.2

Here is how I was set up, and the results:

USD-10-00AM-ET-03-27-12
Looking for a 5.0 difference
Actual > Forecast = Good for the USD
USD CB Consumer Confidence
——actual——–forecast——–previous
_______________70.5_________70.8
_____70.2______ 70.3_________ 71.6
out at 75.5 or higher – BUY USD/JPY
out at 65.5 or lower – SELL USD/JPY

Bad – “actual” came out lower than “forecast” by 0.3
Bad – “actual” came out lower than revised “forecast” by 0.1
Bad – “actual” came out lower than “previous” by 0.6
Bad – “actual” came out lower than revised “previous” by 1.4

There was a good trigger and no conflict – but no trade!

Check out the charts.

(AUD/USD)

a one minute AUD/USD chart

The currency pair AUD/USD moved down for 6 minutes about 13 PIPS – wrong direction
Moved up next 11 minutes about 8 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD moved down for 3 minutes about 14 PIPS – wrong direction
Moved up next 15 minutes about 16 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD moved down for 3 minutes about 15 PIPS – wrong direction
Moved up next 14 minutes about 16 PIPS - right direction

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD moved down for 6 minutes about 10 PIPS – wrong direction
Moved up next 12 minutes about 10 PIPS – right direction

(USD/CAD)

The currency pair USD/CAD moved up for 10 minutes about 14 PIPS – wrong direction
Moved down next 7 minutes about 8 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF moved up for 3 minutes about 12 PIPS – wrong direction
Moved down next 15 minutes about 12 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY small range for 3 minutes
Moved down next 3 minutes about 13 PIPS – right direction

The next release of these reports will be on Tuesday, 04-24-12 at 10:00 AM ET.

I will probably post a “preview” a day or two prior.

Past performances are not an indication of future results.

So—Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.